BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.5
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10
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8
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40
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Detailed explanation-1: -Straight-time pay is used to calculate the pay for an employee that works under, or equal to, 40 hours in a week. Any hours worked that exceed 40 hours during a week are subject to overtime pay laws. Overtime pay is calculated by multiplying an employee’s regular wage by 1.5.
Detailed explanation-2: -Straight-time pay is the total amount of money you earn in a given pay period. It is calculated based upon your hourly rate of pay. To determine your straight-time pay, multiply the number of hours you worked by your hourly rate.
Detailed explanation-3: -Premium overtime is compensated at the rate of time-and-one half per hour. Straight overtime is time worked that is more than an employee’s regularly scheduled hours, but less than 40 actual hours in a workweek. Straight time is compensated at the rate of one hour of pay per hour worked.